{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/46.2-455.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/46.2-455.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/46.2-455.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/46.2-455.html"}],"law_id":74991,"edition_id":1,"section_id":74991,"structure_id":13021,"section_number":"46.2-455","catch_line":"Assessment for expense of holding deposits","history":"1986, c. 16, \u00a7 46.1-486.1; 1989, c. 727.","full_text":"For the purpose of defraying the expense of the safekeeping and handling of the cash or securities deposited with him under the provisions of this title, in December of each year the State Treasurer shall levy against each person having cash or securities deposited with him an assessment of not more than one-tenth of one percent of the cash or of the par value of the securities deposited to his account, and shall collect the assessment in January of each year. These funds shall be deposited to the general fund of the state treasury. If any assessment is not paid by January 31 of each year, the State Treasurer shall so notify the Commissioner in writing, attaching thereto a dated copy of the original assessment.","order_by":null,"text":{"0":{"id":269391,"text":"For the purpose of defraying the expense of the safekeeping and handling of the cash or securities deposited with him under the provisions of this title, in December of each year the State Treasurer shall levy against each person having cash or securities deposited with him an assessment of not more than one-tenth of one percent of the cash or of the par value of the securities deposited to his account, and shall collect the assessment in January of each year. These funds shall be deposited to the general fund of the state treasury. If any assessment is not paid by January 31 of each year, the State Treasurer shall so notify the Commissioner in writing, attaching thereto a dated copy of the original assessment.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13021,"edition_id":1,"name":"Proof of Financial Responsibility","identifier":"15","label":"article","depth":4,"order_by":1,"parent_id":12772,"metadata":{},"date_created":"2026-06-26 03:44:09","date_modified":"2026-06-26 03:44:09","permalink":{"id":226003,"object_type":"structure","relational_id":13021,"identifier":"15","token":"46.2\/II\/3\/15","url":"\/46.2\/II\/3\/15\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12772,"edition_id":1,"name":"Licensure of Drivers","identifier":"3","label":"chapter","depth":3,"order_by":1,"parent_id":12771,"metadata":{},"date_created":"2026-06-26 03:43:52","date_modified":"2026-06-26 03:43:52","permalink":{"id":225629,"object_type":"structure","relational_id":12772,"identifier":"3","token":"46.2\/II\/3","url":"\/46.2\/II\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12771,"edition_id":1,"name":"Titling, Registration and Licensure","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12770,"metadata":{},"date_created":"2026-06-26 03:43:52","date_modified":"2026-06-26 03:43:52","permalink":{"id":225627,"object_type":"structure","relational_id":12771,"identifier":"II","token":"46.2\/II","url":"\/46.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12770,"edition_id":1,"name":"Motor Vehicles","identifier":"46.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:52","date_modified":"2026-06-26 03:43:52","permalink":{"id":225289,"object_type":"structure","relational_id":12770,"identifier":"46.2","token":"46.2","url":"\/46.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":56178,"structure_id":13021,"section_number":"46.2-435","catch_line":"Proof of financial responsibility to be furnished for each vehicle","url":"\/46.2-435\/","token":"46.2\/II\/3\/15\/46.2-435","metadata":false},{"id":86692,"structure_id":13021,"section_number":"46.2-436","catch_line":"Methods of proving financial responsibility","url":"\/46.2-436\/","token":"46.2\/II\/3\/15\/46.2-436","metadata":false},{"id":59435,"structure_id":13021,"section_number":"46.2-437","catch_line":"Proof of financial responsibility by owner in lieu of driver","url":"\/46.2-437\/","token":"46.2\/II\/3\/15\/46.2-437","metadata":false},{"id":81242,"structure_id":13021,"section_number":"46.2-438","catch_line":"Proof by owner of vehicles operated under permit or certificate of State Corporation Commission or Department of Motor Vehicles","url":"\/46.2-438\/","token":"46.2\/II\/3\/15\/46.2-438","metadata":false},{"id":59690,"structure_id":13021,"section_number":"46.2-439","catch_line":"Proof of financial responsibility in the future","url":"\/46.2-439\/","token":"46.2\/II\/3\/15\/46.2-439","metadata":false},{"id":76063,"structure_id":13021,"section_number":"46.2-440","catch_line":"Certificate for nonresident may be by carrier not qualified in Commonwealth","url":"\/46.2-440\/","token":"46.2\/II\/3\/15\/46.2-440","metadata":false},{"id":83456,"structure_id":13021,"section_number":"46.2-441","catch_line":"Nonresident may file proof of financial responsibility in the future from insurance company or other state-authorized entity providing insurance","url":"\/46.2-441\/","token":"46.2\/II\/3\/15\/46.2-441","metadata":false},{"id":82791,"structure_id":13021,"section_number":"46.2-442","catch_line":"Default of foreign insurance carrier","url":"\/46.2-442\/","token":"46.2\/II\/3\/15\/46.2-442","metadata":false},{"id":72138,"structure_id":13021,"section_number":"46.2-443","catch_line":"Chapter not applicable to certain policies of insurance","url":"\/46.2-443\/","token":"46.2\/II\/3\/15\/46.2-443","metadata":false},{"id":67708,"structure_id":13021,"section_number":"46.2-444","catch_line":"Surety requirements of bond","url":"\/46.2-444\/","token":"46.2\/II\/3\/15\/46.2-444","metadata":false},{"id":63707,"structure_id":13021,"section_number":"46.2-445","catch_line":"How bond to be conditioned","url":"\/46.2-445\/","token":"46.2\/II\/3\/15\/46.2-445","metadata":false},{"id":58275,"structure_id":13021,"section_number":"46.2-446","catch_line":"Notice to Commissioner prerequisite to cancellation of bond; cancellation not to affect rights arising prior thereto","url":"\/46.2-446\/","token":"46.2\/II\/3\/15\/46.2-446","metadata":false},{"id":67442,"structure_id":13021,"section_number":"46.2-447","catch_line":"Bond to constitute lien on real estate of surety","url":"\/46.2-447\/","token":"46.2\/II\/3\/15\/46.2-447","metadata":false},{"id":63036,"structure_id":13021,"section_number":"46.2-448","catch_line":"Notice of cancellation; record; fees","url":"\/46.2-448\/","token":"46.2\/II\/3\/15\/46.2-448","metadata":false},{"id":64220,"structure_id":13021,"section_number":"46.2-449","catch_line":"Cancellation of bond with individual sureties; certificates of cancellation","url":"\/46.2-449\/","token":"46.2\/II\/3\/15\/46.2-449","metadata":false},{"id":57185,"structure_id":13021,"section_number":"46.2-450","catch_line":"Order discharging lien of bond","url":"\/46.2-450\/","token":"46.2\/II\/3\/15\/46.2-450","metadata":false},{"id":70316,"structure_id":13021,"section_number":"46.2-451","catch_line":"Action or suit on bond","url":"\/46.2-451\/","token":"46.2\/II\/3\/15\/46.2-451","metadata":false},{"id":57448,"structure_id":13021,"section_number":"46.2-452","catch_line":"Parties to suit on bond with individual sureties","url":"\/46.2-452\/","token":"46.2\/II\/3\/15\/46.2-452","metadata":false},{"id":71761,"structure_id":13021,"section_number":"46.2-453","catch_line":"Proof of financial responsibility by delivering cash or securities","url":"\/46.2-453\/","token":"46.2\/II\/3\/15\/46.2-453","metadata":false},{"id":65751,"structure_id":13021,"section_number":"46.2-454","catch_line":"Moneys or securities to be deposited with State Treasurer subject to execution","url":"\/46.2-454\/","token":"46.2\/II\/3\/15\/46.2-454","metadata":false},{"id":74991,"structure_id":13021,"section_number":"46.2-455","catch_line":"Assessment for expense of holding deposits","url":"\/46.2-455\/","token":"46.2\/II\/3\/15\/46.2-455","metadata":false},{"id":54090,"structure_id":13021,"section_number":"46.2-456","catch_line":"Additional security if fund impaired by any legal process, or otherwise","url":"\/46.2-456\/","token":"46.2\/II\/3\/15\/46.2-456","metadata":false},{"id":62434,"structure_id":13021,"section_number":"46.2-457","catch_line":"Substitution of new proof; cancellation or return of old","url":"\/46.2-457\/","token":"46.2\/II\/3\/15\/46.2-457","metadata":false},{"id":80093,"structure_id":13021,"section_number":"46.2-458","catch_line":"Interpleader to determine rights in deposits; other proceedings","url":"\/46.2-458\/","token":"46.2\/II\/3\/15\/46.2-458","metadata":false},{"id":80162,"structure_id":13021,"section_number":"46.2-459","catch_line":"When other proof of financial responsibility required; suspension of license pending furnishing of proof required","url":"\/46.2-459\/","token":"46.2\/II\/3\/15\/46.2-459","metadata":false},{"id":59401,"structure_id":13021,"section_number":"46.2-460","catch_line":"When Commissioner to consent to cancellation of bond or policy, or return of money or securities","url":"\/46.2-460\/","token":"46.2\/II\/3\/15\/46.2-460","metadata":false},{"id":57581,"structure_id":13021,"section_number":"46.2-461","catch_line":"When Commissioner not to release proof of financial responsibility; affidavit of nonexistence of facts","url":"\/46.2-461\/","token":"46.2\/II\/3\/15\/46.2-461","metadata":false},{"id":67029,"structure_id":13021,"section_number":"46.2-462","catch_line":"New license or registration to person to whom proof surrendered","url":"\/46.2-462\/","token":"46.2\/II\/3\/15\/46.2-462","metadata":false},{"id":68440,"structure_id":13021,"section_number":"46.2-463","catch_line":"Penalty for forging evidence of financial responsibility","url":"\/46.2-463\/","token":"46.2\/II\/3\/15\/46.2-463","metadata":false}],"previous_section":{"id":65751,"structure_id":13021,"section_number":"46.2-454","catch_line":"Moneys or securities to be deposited with State Treasurer subject to execution","url":"\/46.2-454\/","token":"46.2\/II\/3\/15\/46.2-454","metadata":false},"next_section":{"id":54090,"structure_id":13021,"section_number":"46.2-456","catch_line":"Additional security if fund impaired by any legal process, or otherwise","url":"\/46.2-456\/","token":"46.2\/II\/3\/15\/46.2-456","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/46.2-455\/","history_text":"<p>This law was first created in 1986. The record of its establishment is cataloged in chapter 16 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1986 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1989, chapter 727.<\/p>","references":[{"id":80162,"section_number":"46.2-459","catch_line":"When other proof of financial responsibility required; suspension of license pending furnishing of proof required","order_by":null,"url":"\/46.2-459\/"}],"refers_to":false,"permalink":{"id":226085,"object_type":"law","relational_id":74991,"identifier":"46.2-455","token":"46.2\/II\/3\/15\/46.2-455","url":"\/46.2-455\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/46.2-455\/","token":"46.2\/II\/3\/15\/46.2-455","dublin_core":{"Title":"Assessment for expense of holding deposits","Type":"Text","Format":"text\/html","Identifier":"\u00a7 46.2-455","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>For the purpose of defraying the expense of the safekeeping and handling of the cash or securities deposited with him under the provisions of this title, in December of each year the State Treasurer shall <span class=\"dictionary\">levy<\/span> against each person having cash or securities deposited with him an assessment of not more than one-tenth of one percent of the cash or of the par value of the securities deposited to his account, and shall collect the assessment in January of each year. These funds shall be deposited to the general fund of the state treasury. If any assessment is not paid by January 31 of each year, the State Treasurer shall so notify the <span class=\"dictionary\">Commissioner<\/span> in writing, attaching thereto a dated copy of the original assessment.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nASSESSMENT FOR EXPENSE OF HOLDING DEPOSITS (\u00a7 46.2-455)\n\nFor the purpose of defraying the expense of the safekeeping and handling of the\ncash or securities deposited with him under the provisions of this title, in\nDecember of each year the State Treasurer shall levy against each person having\ncash or securities deposited with him an assessment of not more than one-tenth\nof one percent of the cash or of the par value of the securities deposited to\nhis account, and shall collect the assessment in January of each year. These\nfunds shall be deposited to the general fund of the state treasury. If any\nassessment is not paid by January 31 of each year, the State Treasurer shall so\nnotify the Commissioner in writing, attaching thereto a dated copy of the\noriginal assessment.\n\nHISTORY: 1986, c. 16, \u00a7 46.1-486.1; 1989, c. 727.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}